Are you the owner of a HUD-assisted or LIHTC property? Are you
tired of the time-consuming, costly process of collecting and
analyzing tenant data for utility allowance calculations?

Now, there’s a better (and faster) way to handle them.

Satisfy HUD or LIHTC requirements while reducing the time and effort
spent by in-house staff

Automate utility data collection, ensuring accurate reporting

Track and benchmark energy and water use even after reporting is
complete, giving you a quick and easy way to identify savings
opportunities for your portfolio

How our Utility Allowance Service works

We’ve created a way to calculate utility allowances based on actual
tenant data (a requirement for HUD-assisted properties and many LIHTC
buildings), automatically importing it from your local utility company.

First, we work with you to collect basic information about your
buildings and secure tenant consent to access utility data. Then, we
take care of the rest, providing you with a final report that is ready
to submit to HUD or the relevant LIHTC agency.

Your staff saves hours of work by not having to collect and compile
data. Plus, you’ll get full access to the
WegoWise platform
to track and benchmark utility use and identify savings opportunities.

Talk to an expert today about how this works for portfolios like yours.
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Why use real tenant data?

In June 2015, HUD published a Notice to clarify the means by which owners
and managers may calculate utility allowances for tenants. The Notice
(H 2015-04 - Methodology for Completing a Multifamily Housing Utility
Analysis) requires owners to collect and analyze real tenant utility data.
Using real data to calculate utility allowances provides an accurate
and fair estimate of utility usage.

IRS regulations specify the methods by which owners of LIHTC buildings may
calculate utility allowances. Among the five methods, LIHTC agencies may
permit owners to base their utility allowance calculations on actual
tenant data.

What’s included in our Utility Allowance Service?

We obtain release forms from your tenants and fax them back to
utility providers once they’re signed.

We provide you with the proper reports to submit to HUD or LIHTC.
These reports include a cover sheet, summary table of all unit data,
and any required backup documentation.

You’ll receive access to the WegoWise platform for each building we
calculate utility allowances for. WegoWise helps you automatically
track, manage, and analyze your buildings’ energy and water use so you
can easily identify additional cost- and energy-savings opportunities.

Our Utility Allowance Service combines the powerful, easy-to-use energy
management capabilities of WegoWise with decades of affordable housing
policy experience from the team at New Ecology. Together, we take the
time and headache out of utility allowance calculations so you can get
back to the business of owning and operating affordable housing.